The Business News Headlines 1 August 2024

So much to share with you today and we kick things off with a report on what happened on Wall Street as we watched the major indexes fall off a cliff and why. Plus some news out of Washington, D.C. and a business tax break that failed in the U.S. Senate. Meanwhile, if you want to reach out to us on social media you can hook up with us all day on Twitter or "X" @IOB_NewsHour and on Instagram. Facebook? Sure were there too.  Here's what we've got for you today:

• The Big News of the day came from Wall Street;
• The Bank of England isn't waiting to reduce interest rates;
• The 30-year fixed mortgage went down last week;
• The U.S. Senate failed to pass the child tax credit;
• As well as tax breaks for businesses...we'll break it down;
• A massive prisoner swap between the U.S. and Russia;
• An Alabama woman pleads guilty to stealing nearly $2 million;
• The Wall Street Report;
• Now consumers are weighing in on what a "value meal" really is;
• But, if times are tough why are more upscale restaurants doing...well?

Thanks for being here!

The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.